Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : PHP Healthcare -- Ignore unavailable to you. Want to Upgrade?

To: CMon who wrote (119)	11/17/1998 7:13:00 PM
From: Les White	Read Replies (1) \| Respond to of 136

OK, CMon. Let's say there are lots of known liabilities plus some hidden ones. I would imagine that AHCA's offer for $2 would have included some basic financial understanding of the situation. I don't know how they came up with the $2 offer but surely they have at least the same knowledge that you do plus a whole lot more from their own industry contacts. Mazur's immediate rejection seems to indicate he's in no hurry to sell the company at $2. Nations bank has an interest in what happens, also. I would imagine that they would like to see a buyout much more than a bankruptcy. If they think a management change would solve the problem then they'd probably be willing to finance a buyout or merger themselves. Or, the whole thing is a hoax. If so, I don't think the SEC will be amused. Les